Table 8 CS-ARDL estimations.
Variable | Dependent variable: return on asset | ||||
---|---|---|---|---|---|
Long run | Variable | Short run | |||
Coefficients | Std. errors | Coefficients | Std. errors | ||
SSCM | 0.1795** | 0.0229 | ∆SSCM | 0.2025*** | 0.009 |
LBS | −0.3736 | 0.3126 | ∆LBS | 0.0473 | 0.3045 |
BCS | 0.7633*** | 0.1911 | ∆BCS | 0.1724*** | 0.0998 |
CSR | −0.0090 | 0.0085 | ∆CSR | 0.0005 | 0.0005 |
- | - | - | ECT (−1) | −0.4645** | 0.2546 |